1 Level
6 Review
23 Karma
Review on Bitcoin Gold by Di La Vang
Bitcoin Gold is a hard fork of the bitcoin protocol devised by Lightning ASIC…
Bitcoin Gold is a hard fork of the bitcoin protocol devised by Lightning ASIC which is a Hong Kong based mining firm led by Jack Liao, CEO. To combat the mining centralization problem, the BTG developers are implementing a different mining algorithm altogether that will be resistant to ASIC chips called Equihash. Thus, Bitcoin Gold will be mined using GPU's. Bitcoin Gold is a proposed digital asset. Bitcoin Gold intends to perform a wallet balance snapshot at Bitcoin block 491,407 but the actual Bitcoin Gold network will launch on October 25, 2017.
Pros
- By redesigning the rights system, Bitcoin Gold wants to attract more investors into the Bitcoin system and make Bitcoin Network more equal.
Cons
- Will BTG provide enough benefit to weather the scandal? Or will it join other smaller “BTC alts” by fading into obscurity?
